Powell Says No Rush for Fed on Digital Currency; Clarida Says More Policy Aid Needed; Bostic Remarks on Uneven Recovery – Wall Street Journal


Good day. As central banks around the world step up research on the costs and benefits of central-bank digital currencies, Federal Reserve Chairman Jerome Powell said the Fed is in no rush to issue one. Meanwhile Fed Vice Chairman Richard Clarida said the U.S. economy could stage a faster recovery from the coronavirus-induced recession than it did following the 2008 global financial crisis, though he also thinks more support from monetary—and likely fiscal—policy will be needed. And Atlanta Fed President Raphael Bostic said the U.S. economy “continues to show clear signs of recovery,” but there are parts of the economy…



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